ICICI Direct expects Bajaj Finance to report a net profit at Rs 1,462 crore, up 58.3 percent year-on-year, while KR Choksey expects net profit at Rs 1,640 crore, up 77.6 percent year-on-year.
Net Interest Income (NII) is expected to increase by 42.8 percent Y-o-Y (up 5.5 percent Q-o-Q) to Rs. 3,897 crore, according to KR Choksey.
Net Interest Income (NII) is expected to increase by 46.8 percent Y-o-Y (up 7 percent Q-o-Q) to Rs. 3,946 crore, according to ICICI Direct.
All brokerages said asset quality is expected to remain largely stable in June quarter with stage 3 assets around 1.5 percent
Net Interest Income (NII) is expected to increase by 47.5 percent Y-o-Y (up 11.8 percent Q-o-Q) to Rs. 3,796 crore, according to Sharekhan.
Net Sales are expected to increase by 44.4 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 3,270.7 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 36.2 percent Y-o-Y (up 0.2 percent Q-o-Q) to Rs. 3,216.7 crore, according to Kotak.
Net Interest Income (NII) is expected to increase by 13.6 percent Y-o-Y (up 2.8 percent Q-o-Q) to Rs. 2,691.2 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 24.6 percent Y-o-Y (up 8.2 percent Q-o-Q) to Rs. 2,953.3 crore, according to Kotak.
Input cost pressure is being increasingly absorbed by companies as the demand environment in weakening
Smaller companies have had a good run in September quarter. This suggests that such stocks can give good returns even as the market volatility ensues.
We see high interest rates as a speed breaker, not a derailment, in the BFL’s long journey upward
Highlighting that net profit was largely ahead of estimates, some also said that the asset quality was stable.
Brokerage houses expect strong loan growth to be around 35 percent YoY during the quarter as consumer segment continued to be the prime growth driver.
Consumption sectors (FMCG, durables, autos), though on a soft base, post noticeable volume growth for a consecutive quarter.
The stock is expensive, but for a reason. Investors cannot ignore this business of lending to the aspirational mass, which is in a sweet spot.
The company reported 83 percent rise in its standalone net profit for the June quarter to Rs 833.7 crore, higher than what analysts had estimated, as it earned more in interest income and its asset quality remained stable.
Kotak expects the NBFC to report loan growth of 35 percent, which along with a stable NIM, will push NII up 36 percent.
In an interview with CNBC-TV18, Rajeev Jain, MD of Bajaj Finance spoke about the company's Q3 performance and his outlook for the company.
While optically, the aggregate earnings may not appear as a shocker, it nevertheless hides underlying weakness and a clear loss of momentum.
The growth in assets under management is expected at 35-40 percent against 36.1 percent in Q4.